Russian Oligarch Mikhail Fridman Relocate From UK to Israel and Back to Moscow

Mikhail Fridman's global odyssey: from London to Tel Aviv and finally back to Moscow. Uncover the reasons behind this prominent Russian billionaire's shifting base

The Russian, who was previously sanctioned, has departed from the United Kingdom and relocated to Israel. Currently, he is residing in Moscow.

As per a report, Russian Oligarch Mikhail Fridman is presently located in Moscow. This detail has been verified by the Alpha-Group, a privately owned Russian investment firm established by Fridman. They additionally stated that “the entrepreneur is currently in Moscow and intends to make frequent trips to Russia in the near future.”

In August 2023, sanctions were enforced by the United States targeting Russian Oligarch Mikhail Fridman.

Russian Oligarch Mikhail Fridman
Russian Oligarch Mikhail Fridman

Sanctions were also applied to Piotr Aven and German Khan, who are fellow co-owners of the Alpha-Group. One of the justifications for these sanctions was Aven’s involvement in a meeting alongside other business leaders with Russian President Putin in the Kremlin on February 24, 2022, which coincided with the day of Russia’s extensive military operation in Ukraine.

Russian Oligarch Mikhail Fridman Relocate

Russian Oligarch Mikhail Fridman remained in the UK, contending that living under sanctions is akin to being confined at home. The restriction on his cards prevents him from making modest payments, such as those for cleaning services. Although Fridman possesses an Israeli passport, he lacks property in that country and lacks the resources to acquire housing elsewhere, apart from London.

Background: The corporate rights of sanctioned Russian oligarchs Fridman, Aven, and Kosogov, closely linked to Vladimir Putin and implicated in funding Russian aggression, have been confiscated by a Ukrainian court.

Russian Oligarch Mikhail Fridman Relocate
Russian Oligarch Mikhail Fridman Relocate

As per information from Ekonomichna Pravda, the confiscated assets include full ownership of the Kyivstar mobile operator, which these Russian oligarchs managed through the Dutch company VEON Ltd. Additionally, they National Crime Agency (NCA) halted the inquiry into potential sanctions against Russian billionaire Mikhail Fridman following a search at his London residence in December 2022.

Previously in London, Fridman declined to answer questions from Ukrainska Pravda reporters, including whether he views Russian President Vladimir Putin as a war criminal. He justified his refusal by stating that his legal advisors prohibited him from commenting on the matter.

National Crime Agency

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